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Copel to launch up to $1 billion privatization bid (NYSE:ELP) via Getty Images

Brazilian electric utility Companhia Paranaense de Energia (NYSE:ELP), or Copel, +1.9% in Tuesday trading after revealing plans to launched a public stock offering on July 25 or 26 for a total of 5 billion reais (~$1 billion) to take the company private; the stock resumed trading after a brief pause.

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